Medical Cannabis News

Synonyms: 
mmj
Mon
22
Oct

Israel and Canada high on budding medical cannabis ties

Israel, the so-called Start-up Nation, could soon become known as the Silicon Valley of medical marijuana if leaders in the industry have their way. Israel’s medical cannabis sector is flourishing, thanks in part to growing business ties with Canada, which recently legalized marijuana.

Hundreds of millions of dollars in deals between Canadian and Israeli companies have already been inked, with investments covering innovative products treating a wide range of health issues—from cancer, to epilepsy, to sleep disorders.

Saul Kaye is the man behind the CannaTech conference—one of the biggest international events in the industry—which takes place each year in Israel.

Mon
22
Oct

Portland reduces fees for cannabis businesses

Portland City Council recently passed a milestone in marijuana regulations when it voted to reduce fees for all cannabis businesses in the city. Already in effect, the new rules decrease the annual license fees from $4,975 to $3,500, as well as lower the cost of both the initial and renewal application fees, and allow all license types to defer payment for up to six months.

Mon
22
Oct

Marijuana moguls: MedMen of California enter Arizona cannabis scene

Arizona’s booming medical cannabis market has caught the eye of yet another outside investor, this one from California.

This month, Los Angeles cannabis company MedMen acquired Monarch Wellness Center dispensary in Scottsdale as well as its 20,000-square-foot cultivation center in Mesa.

Mon
22
Oct

Marijuana market: partly 'craft beer,' mostly 'cable TV,' CEOs say

The CEO of iAnthus Capital, the cannabis company that announced a $638 million dollar merger on Thursday, said he sees a U.S. market dominated by no more than 10 national players, who would control around 80% of the market. Meanwhile, marijuana stocks were mixed.

"I think it looks a lot like cable TV," said iAnthus CEO Hadley Ford in an interview on Thursday, noting that the cable business began with scores of competitors that were whittled down to a handful over the past few decades.

The remarks came after iAnthus Capital said it agreed to buy MPX Bioceutical in an all-stock transaction. The post-merger company will apply to list on the Canadian Securities Exchange, which has become a hub for raising money in the cannabis industry.

Mon
22
Oct

California marijuana policies at play on election day, even in Republican strongholds

Marijuana will once again be a hot topic on Election Day, with the future of local, state and federal cannabis policies in the hands of voters Nov. 6. But this time, voters in states that typically lean Republican will be the ones weighing legalization measures at the ballot box.

Fri
19
Oct

Tennessee Hemp Supply adds Clarksville business location

A new Clarksville businessis promoting natural "Tennessee-grown" wellness through the healing properties of hemp, minus the "high" associated with extracts for marijuana use.

The products retailed at Tennessee Hemp Supply, 2680 Trenton Road, are safe, proven and legal, says Trinity Mealor, president and CEO.

The chief ingredient and common denominator in Tennessee Hemp Supply's wide range of natural health products is CBD, short for Cannabidiol, which is extracted from hemp.

"We're trying to focus our attention on educating the community on the benefits and applications of CBD," Mealor said. "CBD is an active chemical compound that's found in the cannabis plant, and these are all good, effective products.

Fri
19
Oct

More precaution than promotion for Canadian cannabis tourism

Canada’s move to legalize recreational marijuana this week is unlikely to immediately trigger a flood of pot-fueled tourism, as tour operators and consumers are unsure about rules governing the brand new industry.

There are precedents for Canada to follow in California, Colorado and elsewhere. But observers noted that these U.S. states offering legal recreational marijuana could put a damper on Canada’s own pot travel aspirations: Why go all the way to Canada when you can smoke legally a couple of states away?

On Wednesday, Canada became the first major industrialized nation to legalize recreational marijuana, sparking huge demand. But those in the tourism industry are meeting legalization with more precaution than promotion.

Fri
19
Oct

Utah House, Senate GOP support medical marijuana bill; detractors say it won't happen

House and Senate Republicans appear to be on board with a proposed compromise bill for dispensing medical marijuana in Utah regardless of whether the ballot initiative passes next month. But those who support Proposition 2 say lawmakers are putting on a show and patients would never get medical cannabis under the proposal.

Both GOP caucuses met behind closed doors Wednesday to discuss the bill that could be considered in a special legislative session in November after the Nov. 6 election.

Fri
19
Oct

Five smaller companies expected to profit from Canada’s cannabis legalization

Canada’s move to fully legalize cannabis for adult recreational use on Wednesday has set the stage for the development of a new industry that is expected to generate billions of dollars in revenue. To mark the occasion, MarketWatch profiled the six main players in the emerging sector, all of which are listed on the Toronto Stock Exchange and on U.S. exchanges or on the over-the-counter market. But there are many smaller players, too, some of which remain private companies, and many new players are expected to emerge in the coming months.

Fri
19
Oct

Medical marijuana: Ohio's newest industry has a big problem, what to do with its money

 

When Ohio's medical marijuana dispensaries finally open their doors later this year or early next year, they're expected to rake in a ton of cash. But they probably won't be heading straight to the bank with it.

Most banks and credit unions won't handle proceeds from marijuana-related businesses because the drug is still considered a controlled substance by the federal government.

Consequently, companies providing financial services to marijuana-related businesses could be subject to prosecution for money laundering and other federal crimes. Most aren't willing to take the risk, forfeiting billions of dollars in potential deposits from marijuana growers, processors, retail dispensaries and other related businesses.

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